One of the leading cryptocurrency exchanges, Kraken, has made a significant move by expanding its operations to cover all 30 countries in the European Economic Area (EEA). This expansion allows Kraken to provide compliant access to over 450 digital assets and institutional services within the European Union's Markets in Crypto-Assets (MiCA) regulatory framework.

The MiCA regulatory framework, which was proposed by the European Commission in September 2020, aims to create a comprehensive regulatory framework for digital assets, including cryptocurrencies and stablecoins, across the EU. Once MiCA is fully implemented, it will establish a harmonized regulatory regime for digital assets, providing legal certainty and consumer protection for users of digital asset services within the EU.

By operating under the MiCA framework, Kraken can now "passport" its services across all EEA countries. Passporting allows financial institutions that are authorized in one EEA country to offer their services in other EEA countries without the need for additional authorization in each individual country. This means that Kraken's services will now be more easily accessible to users across Europe, providing them with a wider range of digital assets and institutional services to choose from.

Kraken's expansion into all 30 EEA countries is a strategic move that demonstrates the exchange's commitment to complying with regulatory standards and providing a secure and regulated trading environment for its users. By operating under the MiCA framework, Kraken ensures that its services adhere to the regulatory requirements set forth by the EU, giving users confidence in the legitimacy and security of the platform.

In addition to offering access to a wide range of digital assets, Kraken's institutional services cater to professional traders and institutional investors, providing them with the tools and support they need to participate in the cryptocurrency market. These services include features such as over-the-counter (OTC) trading, margin trading, and staking, allowing institutional clients to engage in various trading activities with ease.

Kraken's decision to expand its operations across all EEA countries under the MiCA regulatory framework is a significant milestone for the exchange and the cryptocurrency industry as a whole. It not only demonstrates the exchange's commitment to regulatory compliance but also highlights the growing acceptance and recognition of digital assets within the EU.

As Kraken continues to enhance its services and expand its presence in Europe, users can expect a more seamless and secure trading experience, with access to a diverse range of digital assets and institutional services under the protection of the EU's robust regulatory framework.

Source: https://news.bitcoin.com/kraken-now-live-in-30-european-nations-as-regulated-crypto-era-explodes/